International. Revolabs signed a definitive agreement to be acquired by Yamaha Corporation. The merger of the two companies will help Yamaha further grow its business presence for audio equipment. Yamaha has also been developing, manufacturing and selling voice communication devices and professional audio equipment.
"With the market for conference room equipment expected to expand worldwide, I am very pleased to welcome Revolabs, a company that has earned a high level of customer trust and has grown rapidly in this market," said Takuya Nakata, president of Yamaha Corporation.
Revolabs will continue to operate as a wholly owned subsidiary of Yamaha Corporation and will execute its existing work plan with the current management team. The transaction is expected to be completed by the end of March 2014 following receipt of regulatory approvals. Moelis & Company acted as exclusive financial advisor and Latham & Watkins LLP acted as legal counsel to Revolabs in connection with the transaction.
"Since we started the company in 2005, Revolabs has demonstrated its ability to innovate and bring products of great interest to the market. Leveraging the strengths of both companies will make our solutions stronger and expand our reach worldwide. There are a lot of great synergies between Yamaha and Revolabs, and our customers will receive the greatest benefit from this merger," said Jean-Pierre Carney, CEO and founder of Revolabs.
"We hope to be able to create more attractive solutions for our customers. In the future our goal is to accelerate our progress in expanding sales in the field of electronics, one of the objectives announced in the Yamaha Management Plan 2016, our medium-term management plan, by combining the technology and know-how of both companies."
